Technical Analysis

NZDUSD has a negative undertone as the flow is back to the downside following a break below the key 0.6900 level. On the 4-hour chart, the RSI is bearish while the 20 and 50-period moving averages are...

EUR/USD The outlook is negative for test of the support level at 1.1735. In positive direction the price movement might test the level of resistance at 1.1808. If the breakthrough at this level is suc...

The U.S dollar is starting to regain upside momentum against the Japanese yen, as sellers failed to hold price-action below the 11.20 technical level. The USDJPY pair currently trades around the 112.6...

XAUUSD (1263.08): Gold prices were muted yesterday with price briefly rising on an intraday high before giving up the gains. Price remains steady near the support level of 1262 region. The Stochastics...

USDJPY (112.41): The USDJPY closed bearish yesterday with price action on the daily session suggesting a bearish engulfing bar. On the intraday charts the U.S. dollar was seen posting a strong bounce ...

EURUSD (1.1803): The euro currency closed on a bearish note yesterday extending declines for two consecutive days. With the currency closing below the 1.1843 - 1.1822 level of support/resistance, we e...

USDJPY has not had a clear trend since January this year as the pair has been trading in a broad range between 108 – 114. In the short term, prices have moved to the upper half of the range, having ...

The EUR/USD is building a bearish correction as expected. The choppy and corrective price action is making a wave 1-2 (pink) pattern more likely. The bearish channel could take price down lower to the...

The EURUSD continued its bearish momentum yesterday slipped below 1.1800 support area, bottomed at 1.1780. Although price is now still struggling around 1.1800 region, I think the bullish phase is no ...

Dollar-Yen (112.42) had dropped yesterday due to a rise in Japanese 10 year yields, but with some consolidation in the same (see Interest Rates below), it has once again resumed its move towards level...

Among the major currencies, one of the potential winners in 2018 could be the British pound. There is a good possibility sterling will bounce back strongly as UK wages recover, putting further upward ...

The euro is struggling to move higher against the U.S dollar, with price-action moving closer to the 1.1800 technical level, which represents the pairs 100-day moving average. The EURUSD again moved i...

The British pound has moved to a new weekly price-low against the U.S dollar, hitting 1.3360, as the Brexit stalemate weighs on the pound. The GBPUSD fell through the 1.3400 support level during the E...

GBPUSD: The pair failed to follow through lower on Wednesday causing to decline further. This leaves GBPUSD weak and vulnerable to the downside with eyes on the 1.3300 zone. Support lies at the 1.3350...

Gold might be going through a revaluation phase, where Cryptocurrencies like Bitcoin are now rivaling it as the preferred risk-off asset or when such inflation risks persist. This crypto hype has pote...

Bitcoin is still consolidating below 12k. The technical structure shows a tremendous positive short-term momentum. Hourly support is located at 9000 (29/11/2017 low). Strong support stands very far at...